Motionbox Attracts $7 Mil in Series B Funds

Motionbox, a video-sharing startup that offers paid premium services, raised $7 million, NewTeeVee reports. Motionbox isn’t the only company trying to become the video version of Shutterfly, however, with One True Media pursuing a similar strategy. Motionbox’s idea is to offer customers who pay $29.99 a year unlimited storage and sharing of their videos, along with Web-based video editing.